A person I know, who is retired, has their money in a trust. I am concerned for them because not much of it is in cash. Out of $800,000 only $20,000 is in cash. The $800,000 is spread into three accounts. One account has $330,000 in it, and only $2300 of it is in cash. Another account of $280,000; has only $7000 in cash in it. Only 2.5% of the trust is in cash, the rest in stock and bond mutual funds. Shouldn’t it be closer to 20% cash? With more cash not as many of the mutual funds will have to be sold for distributions when the market price is down, right?

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